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Selling Options on /ES
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Created: by blb014 Attachments:5

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Selling Options on /ES

  #61 (permalink)
Trading for Fun
Ottawa
 
Futures Experience: Advanced
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Posts: 87 since May 2015
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Yes, I saw that posted here as well

Investors report problems with TD Ameritrade, Scottrade amid selloff


And now we are getting quite the rebound. I seep AAPL and Goog have already recovered.

If that final spike didn't happen I would still have my positions open. I know because I have a single Nov ES IronCondor which didn't get stopped out because Bids disappeared. So I am a bit mad at that, then again, there was no way to be sure of a rebound. It could have kept going.


Last edited by Chubbly; August 24th, 2015 at 01:38 PM.
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  #62 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
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jawadde001 View Post
Are you going to hold them if they go ITM?

They have already been ITM and then some, actually a whole lot!

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #63 (permalink)
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Chubbly View Post
Yes, I saw that posted here as well

Investors report problems with TD Ameritrade, Scottrade amid selloff


And now we are getting quite the rebound. I seep AAPL and Goog have already recovered.

If that final spike didn't happen I would still have my positions open. I know because I have a single Nov ES IronCondor which didn't get stopped out because Bids disappeared. So I am a bit mad at that, then again, there was now way to be sure of a rebound. It could have kept going.


That is a good sign...... maybe

That's true.

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #64 (permalink)
Trading Apprentice
Vlaanderen Belgium
 
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blb014 View Post
They have already been ITM and then some, actually a whole lot!

I know. Does this mean you will let them expire ITM or do you have a stop-loss when the market go back downward.

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  #65 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
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Favorite Futures: AAPL, /ES, IWM, SPY Options
 
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jawadde001 View Post
I know. Does this mean you will let them expire ITM or do you have a stop-loss when the market go back downward.

Yes, each situation is different. I was prepared to lose 25% of my account. Last October I took a wait and see approach. I was able to salvage those positions. Will update later, positions still on:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #66 (permalink)
Trading for Fun
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This is an interesting link

Options Center - Most Active Options

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  #67 (permalink)
Elite Member
vancouver BC/Canada
 
Futures Experience: Beginner
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Hey


I just came across this thread and was hoping you wouldnt mind if I dropped a line and picked your brain a little as I try to rebuild. I'm done with futures for now and have closed my account with decarley...moved back to OX. I put on a trade this evening that is more long term as I formulate a new strategy with paper money.

Sold 20 puts of apple at 98.

I think it's a steal at that price and have no problems getting assigned if I do..he'll I kind of want to. Are you ok with me posting on here also?

/rsm005/

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  #68 (permalink)
Market Wizard
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rsm005 View Post
Sold 20 puts of apple at 98.

I think it's a steal at that price and have no problems getting assigned if I do..he'll I kind of want to. Are you ok with me posting on here also?

/rsm005/

20*98*100 = 196,000
Do you have a spare $196k lieing around incase you get assigned?
Not trying to be an ass, just trying to make a point.

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  #69 (permalink)
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Yup...it's the remaining balance of my trading account. I decided to doing anything active right now is probably a silly idea given my overall emotional state. So we ended up going bargain hunting for a company that I have actually wanted to buy into for a long time.

My plan is to buy and hold and paper trade for now.


/rsm005/

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  #70 (permalink)
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rsm005 View Post
Yup...it's the remaining balance of my trading account. I decided to doing anything active right now is probably a silly idea given my overall emotional state. So we ended up going bargain hunting for a company that I have actually wanted to buy into for a long time.

My plan is to buy and hold and paper trade for now.


/rsm005/

But you just did something active?

You sure you want to dump the remainder if your account into 1 stock, if you get stuck with the stock and the market doesn't recover for a while you could potentially be inactive for a long time.

Also were you the one who just started selling options recently and got blown up from the recent vol? If 200k is what remains, I feel sorry for what got blown... you need to manage risk... Hope you're ok mate.

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